Loss in 1st balance sheet of company
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 November 2011
DEAR FRIENDS/SIRS
A COMPANY OCCURS LOSS IN THE 1ST YEAR BALANCE SHEET IN WHICH IT IS INCORPORATED.
IS THERE ANY LAW THAT PROHIBITION TO NOT TO SHOW LOSS I.E.ALWAYS THERE SHOULD MUST BE PROFIT IN THE 1ST YEAR BALANCE SHEET OF THE COMPANY.
THANKS .
A COMPANY OCCURS LOSS IN THE 1ST YEAR BALANCE SHEET IN WHICH IT IS INCORPORATED.
IS THERE ANY LAW THAT PROHIBITION TO NOT TO SHOW LOSS I.E.ALWAYS THERE SHOULD MUST BE PROFIT IN THE 1ST YEAR BALANCE SHEET OF THE COMPANY.
THANKS .
26 November 2011
No,Sir there is no such law in India.
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Querist : Anonymous
Querist :
Anonymous
(Querist)
26 November 2011
THANKS......
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